New Delhi : Union Minister of Commerce and Industry & Railways, Piyush Goyal, held an extensive consultation with tech industry and e-Commerce companies in New Delhi yesterday. E-Commerce and tech companies across all segments, who have businesses in India and foreign MNCs, participated in the interactive session with Commerce& Industry Minister, Secretary Department for Promotion of Industry and Internal Trade (DPIIT), Secretary Department of Commerce, Secretary Ministry of Electronics and Information Technology (MeitY) and Deputy Governor of Reserve Bank of India (RBI).

New Delhi : In a major move aimed at making Aadhaar making people friendly, the Union Cabinet, chaired by the Prime Minister Narendra Modi has approved “The Aadhaar and Other Laws (Amendment) Bill, 2019” to replace the Aadhaar and Other Laws (Amendment) Ordinance, 2019. The amendments proposed are the same as those contained in the Ordinance promulgated by President on 2nd March, 2019.  The Bill will be introduced in ensuing session of Parliament.

The decision is expected to go a long way in meeting the people friendly and citizen centric nature of Aadhaar.

Impact:

New Delhi : The Union Cabinet, chaired by the Prime Minister Narendra Modi, was apprised of a Memorandum of Understanding on the cooperation in the area of Cyber Security between India and Finland.

The MoU intends to promote closer cooperation for exchange of knowledge and experience in detection, resolution and prevention of security related incidents between India and Finland.

The MoU was signed in January, 2019.
[PIB]

Mumbai : In exercise of powers vested under Section 30 of the Payment and Settlement Systems Act, 2007, the Reserve Bank of India has imposed monetary penalty on the following five Prepaid Payment Instrument (PPI) Issuers for non-compliance of regulatory guidelines, says a press release from RBI.

Name of the PPI Issuer, order date and penalty details are as below.

Mumbai : As per the press release from the Reserve Bank of India (RBI), it has, vide orders dated April 20, 2018, imposed monetary penalty of ₹ 29,66,959/- and ₹ 10,11,653/- on Western Union Financial Services Inc., USA and MoneyGram Payment Systems Inc., USA, respectively, for non-compliance of regulatory guidelines.

These penalties have been imposed in exercise of the powers vested in RBI under the provisions of Section 31 of the Payment and Settlement Systems Act, 2007 for compounding of the contraventions, says the release.
[RBI]